Inconsistent policy has affected business in Nigeria — Tecno


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Mr Andy Yan, Vice President, Transsion Holdings, parent company of Tecno on Thursday said government’s inconsistent policy had affected business in Nigeria.

Yan made this known at the unveiling of the revolutionary duo, CamonX and Camon X Pro at a global spring launch in Lagos.

He said the lack of continuity when a change in government occurred had also been a major contribution to the inconsistent policies.

“Investors most importantly must have a stable environment and policy to do business.

“Where there is no continuity in government as regards policies and business relationship, businesses will be affected.

“We are also trying to keep very healthy relations and discussing the possibilities and opportunities to impact on the society,” he said.

He said the fluctuating foreign exchange had also been a problem, adding that aside from these challenges “Nigeria is the biggest market in Africa”.

The vice president said the company had also contributed to the country’s economy through job creation.

According to him, Techno has also impacted its immediate society through corporate social responsibility.

On the new phone, the Yan said that the company had always carried out research of the African business climate before manufacturing its products.

He said that this had kept the company going in spite of the challenges.

According to him, the phone is unique because of the security feature such as the Face ID technology.

Yan said the face ID could be used to unlock the phone when lighting up the screen by grasping the face formation.

He said the face formation was more functional than the fingerprint identification feature.

Yan said the Camon X and Camon X features had been upgraded compared to the other camon phones. (NAN)

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